When the British stationer went bust the new owner, Permira Credit, was able to shed the retailer’s debts to struggling suppliers
When the artist Angela Chick began supplying greetings cards to Paperchase, she thought she’d made it. “As a small business owner, that’s kind of a dream,” the 36-year-old said.
The stationery retailer ordered thousands of cards adorned with her “colourful, cheerful”, hand-drawn designs, to be sold at its 125 UK stores and concessions in Selfridges, Next and House of Fraser.